Sopra Steria Finalises Its Acquisition of a Majority Stake in the Share Capital of CS Group
February 28 2023 - 10:45AM
Business Wire
Creation of a leading provider of critical
systems and digital services for the defence & security, space
and energy sectors
Regulatory News:
Sopra Steria (Euronext Paris: SOP) (Paris:SOP), a
European tech leader recognised for its consulting, digital
services and software development, and CS Group (Euronext Paris:
SX), a major player in the design, integration and operation of
critical systems, announced today that Sopra Steria has acquired a
majority stake in CS Group.
This acquisition was completed via an acquisition agreement
signed on 18 November 2022 (see the press release published on
21/11/22) with a view to acquiring the CS Group shares held by the
company’s Chairman of the Board of Directors Yazid Sabeg, Chief
Executive Officer Eric Blanc-Garin, and their joint holding company
Duna & Cie, comprising around 29.73% of CS Group’s share
capital (the “main block”), at the price of €11.50 per share. It
also followed the fulfilment of the commitments made to Sopra
Steria by Cira Holding and the founders of Novidy’s on 27 July 2022
(see press release published on 28/7/22) to sell stakes comprising
approximately 29.15% and 6.38%, respectively, of the company’s
share capital at the same per-share price as for the main
block.
Following this acquisition, and taking into account the 9.80% of
the share capital and 13.90 % of the voting rights already owned by
the Group, Sopra Steria now owns 75.06% of the share capital and
76.21 % of the voting rights in CS Group1.
CS Group will be consolidated in Sopra Steria’s accounts from 1
March 2023.
In accordance with AMF’s General Regulation, Sopra Steria will
soon file a draft simplified mandatory public buyout offer (OPA
simplifiée) for the rest of the share capital at the same unit
price of €11.50 per ordinary share.
If, at the end of the offer period, the threshold enabling the
completion of a mandatory delisting is reached, Sopra Steria will
request the implementation of a mandatory delisting procedure for
CS Group securities from the Euronext Paris exchange.
About CS Group
CS Group is a major player in the design, integration and
operation of critical systems. CS Group is listed on the Euronext
Paris exchange – Compartment C (Shares: Euroclear 7896 / ISIN:
FR0007317813).
For more information, visit www.csgroup.eu
About Sopra Steria
Sopra Steria, a European tech leader renowned for its
consulting, digital services and software development, helps its
clients drive their digital transformation and obtain tangible and
sustainable benefits. It provides end-to-end solutions to make
large companies and organisations more competitive by combining
in-depth knowledge of a wide range of business sectors and
innovative technologies with a fully collaborative approach. Sopra
Steria places people at the heart of everything it does and is
committed to putting digital to work for its clients in order to
build a positive future for all. With 50,000 employees in nearly 30
countries, the Group generated revenue of €5.1 billion in 2022.
The world is how we shape it.
Sopra Steria (SOP) is listed on Euronext Paris (Compartment A) –
ISIN: FR0000050809
For more information, visit us at www.soprasteria.com
1 On the basis of a share capital composed of 24,568,466 shares
representing 27,358,601 theoretical voting rights at February 3
2023, restated to reflect the loss of double voting rights attached
to certain shares transferred as part of the acquisition.
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version on businesswire.com: https://www.businesswire.com/news/home/20230228005912/en/
Investor Relations Olivier Psaume
olivier.psaume@soprasteria.com +33 (0)1 40 67 68 16
Laurent Gilles laurent.gilles@csgroup.eu
Press Relations Caroline Simon (Image 7)
caroline.simon@image7.fr +33 (0)1 53 70 74 65
Barbara Goarant barbara.goarant@csgroup.eu
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